DHC Capital appointed as independent financial advisor to Capital World Ltd (SGX: 1D5); Court grants six month moratorium to restructure its liabilities
DHC Capital has been appointed as independent financial advisor to Capital World Ltd (SGX: 1D5) to advise on the debt restructuring and scheme of arrangement. Capital World Ltd applied to commence a Court supervised process to restructure its liabilities and to seek a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 211B of the Companies Act. The Court granted the application for a moratorium for a period of 6 months. Read on for Capital World Ltd’s announcement on the moratorium.
About Capital World Ltd
Capital World Ltd is a property development company listed on the Singapore Exchange. It is currently developing an integrated development comprising an indoor theme park, shopping mall under the Capital City brand, Hilton hotel, serviced suites and apartments located in Tampoi, Johor Bahru. It has two other projects – an integrated development project in Tebrau, Johor Bahru and a landed housing township project in Pengerang, Johor Bahru.